Cyprus: Gas empowered

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Latest Briefings

New Act on the Control of Investments Detrimental to the Interests of Hungarian National Security

The Hungarian Government recently adopted Act no. LVII of 2018 on the Control of Investments Detrimental to the Interests of Hungarian National Security (the “Act”). Previously we wrote about a similar legislative proposal which aimed at establishing a similar control mechanism. However, the Act has a more sophisticated approach on the control and approval procedure […]

Health and safety at work in Romania: What companies need to know

Failure to take or observe the mandatory measures for health and safety at work may entail, among other types of liability (e.g. civil, administrative), potential criminal liability for employers. The Romanian Criminal Code (the “RCC”) provides for two offences which sanction such failure: i) failure to take the mandatory measures for health and safety at […]

Switzerland: Insolvency law, policy and procedure

By Daniel Hayek and Laura Oegerli Statutory framework and substantive law Swiss restructuring and insolvency proceedings are mainly governed by the Swiss Debt Enforcement and Bankruptcy Law (DEBA), which entered into force in 1892. A number of other laws and ordinances further regulate special aspects of restructuring and insolvency proceedings, such as specific provisions according to […]

Czech Republic: Office for the Protection of Competition gets tougher

In April 2018 the Office for the Protection of Competition adopted new guidelines on the method of setting fines for competition law infringements,(1) noting that the need for a revision of the previous guidelines had emerged in the wake of developing case law, as well as amendments to the Act on the Protection of Competition. The […]

FOS expansion to SMEs – near-final rules published

By Paul Gair The Financial Conduct Authority yesterday released its policy statement on SME access to the Financial Ombudsman Service (FOS), setting out its near-final rules for amending the compulsory jurisdiction to include new definitions for “small businesses” and “guarantors”. At the same time, it has released a new consultation paper detailing proposals for increasing […]

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Unfriendly fire for IPO regulations

The Facebook class action may change the way brokers communicate with their clients It was a mere three business days after the launch of Facebook’s much-anticipated public offering before the company, its officers and underwriters landed in court. Disappointed ­investors, sitting on stock worth far less than they had paid for it, ­commenced a class […]

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Insufficient funds: cash crisis looms

Eurozone chaos allied to UK economic weakness could hit firms’ ability to access the funding they need The eurozone crisis is the dominant theme in almost all serious media. In the past four years the story has risen and fallen like the tide, but has never gone away. However, some serious commentators are warning that […]

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Camerons posts 1 per cent turnover rise for 2011-12 financial year

CMS Cameron McKenna has revealed a 1 per cent revenue increase for the 2011-12 financial year, posting an increase from last year’s figure of £225m to £227.6m. Across the entire CMS network, meanwhile, turnover was up 3.9 per cent in euro terms, from €767.9 (£658.7m) last year to €797.5m (£692.1m). According to a spokesperson for […]

McDermott bolsters Paris base with three-strong Orrick team

McDermott Will & Emery has poached a team of three senior lawyers from Orrick Rambaud Martel in Paris, a year after opening in the French capital. Orrick partner Bertrand Delafaye and of counsel Antoine Vergnat and Antony Martinez are all joining McDermott as partners, along with four associates hired from Orrick, Reed Smith and SJ […]

Have shares, will care

Forcing shareholders to exercise their rights of stewardship may sound good, but is not without difficulties Who is the rightful owner of a company may seem like an easy question for lawyers brought up to respect black print and authority. The joint stock company was invented to allow those with money but little commercial acumen […]

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